Daisy Intelligence Makes the Toronto 50 List.

Daisy Intelligence Makes the Toronto 50 List.

As Daisy establishes itself as one of Canada’s leading artificial intelligence companies, we’re starting to attract more of the spotlight. A new publication, Wired Different, has included Daisy within its “Toronto 50”, which profiles the leading start-ups in the Greater Toronto Area. “It’s exciting to be recognized as one of Toronto’s most dynamic and fast-growing companies”, said Gary Saarenvirta, Daisy’s founder and CEO. “As Toronto emerges as the world’s leading hubs for A.I. and machine learning, it’s rewarding to see Daisy’s profile expand. What we’re doing for retailers and insurance companies is disruptive and, as important, helps them generate stronger financial results by leveraging the power of A.I.” Daisy’s inclusion within the Toronto 50 is the company’s latest accolade. In September, Daisy beat out 15 other companies to capture first place at the ElevateR: Pitch: AI Edition. The prize was $5-million in funding from Espresso Capital. Earlier this year, Daisy was recognized as the “Best Start-up” at the 2018 Alconics awards, which celebrates A.I. for business. Gartner Inc. also named Daisy as a “Cool Vendor in AI for Retail”. Daisy was also among three A.I. companies using data and A.I. to disrupt marketing. “We’ve made a lot of great progress this year,” Saarenvirta said. “As companies look to capitalize on A.I., our ability to deliver high profits and sales is resonating. We’re really about what’s ahead in...
“Daisy Intelligence secures $5 Million Funding from Espresso Capital”

“Daisy Intelligence secures $5 Million Funding from Espresso Capital”

Daisy Intelligence Corporation, an artificial intelligence software-as-a-service platform, captured first place at the ElevateR Pitch: AI Edition event held in Toronto on Tuesday Sept 25, 2018 The pitch competition was open to Canadian corporations working in AI or an adjacent industry with less than $10 million in revenue or funding. Selected from an overwhelming volume of submissions, 16 finalists pitched onstage to a panel of investors, celebrities, and media personalities for an opportunity to win $1,000,000 in funding from Espresso Capital. The stakes were raised considerably when it was announced that instead of the $1,000,000 funding, the winner would be receiving a $5 million investment from Espresso Capital. The winner of the funding was Daisy Intelligence. “This event was a fantastic experience and a stellar showcase of Canada’s technology startup community, and as a Toronto-based A.I. startup, it’s thrilling to be recognized as one of Canada’s most promising A.I. companies,” said Gary Saarenvirta, Founder & CEO of Daisy Intelligence. “We look forward to putting the investment to work in achieving Daisy’s vision, which is to use math and science to better people’s lives and help companies make better business decisions.” The funding will support talent acquisition and marketing efforts and fuel Daisy Intelligence’s already strong growth in the very active grocery segment and expansion into the wider retail category, as well as supporting the company’s footprint in the insurance industry. “The Daisy team are leveraging AI to provide truly unique and disruptive solutions, and their strong momentum demonstrates the tremendous and highly measurable value they are delivering to their customers,” said Espresso Capital Managing Director Will Hutchins. “This round...
“Daisy won the AIconics Awards for ‘Best AI Start-Up’ at the World’s Foremost AI Business Conference”

“Daisy won the AIconics Awards for ‘Best AI Start-Up’ at the World’s Foremost AI Business Conference”

As the CEO and Founder, it’s a real honor for me to be able to announce that Daisy Intelligence was recognized on September 18th as the “Best AI Start-Up” at the 2018 AIconics awards in downtown San Francisco at the iconic ‘The Palace Hotel’. The Alconics is the world’s only independently-judged awards celebrating Artificial Intelligence for Business. The Best AI Start-up award focuses on the company and business itself, as well as the technology. The panel of 11 judges from leading venture capital firms, academia, and enterprise end-users evaluates the complexity of the solution as well as how it is represented in terms of ease-of-use for the end-use, the service’s position as a global market innovator, and they look at the unique implementation features. Last but not the least, they evaluate what sort of provable ROI the solution offers for their user base. One of the really gratifying aspects of this huge win is the impressive credentials of this year’s judges. Daisy Intelligence’ solutions were evaluated by people like Dr. Steve Chien, Head of AI, NASA, Nick Jennings, Vice Provost, Imperial College London, Jens Jørgen Madsen, Denmark’s “Tech Ambassador,” and Dr. Paul Pang, Professor of Computer Science at New Zealand’s Unitec Institute of Technology. Edward Beecham, AIconics Awards Curator said: “With over 300 entries from around the world, the 3rd Annual Edition of The AIconics reflect the strength and progress of a rapidly expanding and evolving sector. Artificial Intelligence is now beginning to dominate conversations in the technology sphere, with businesses increasingly aware of the immense potential that AI brings.” For detailed information and photos, please visit “AIconics Awards...
A.I. and Change Management – “Regional Grocery”

A.I. and Change Management – “Regional Grocery”

Between foreign competitors entering the market and a slew of cross-category forays into grocery from the c-store, drug, dollar stores, internet pure plays, and meal-kit delivery companies, over the past few years, traditional mid-market and regional grocery chains have been under siege. Today, we’ll delve deeper into the specifics of adopting A.I. in the retail industry for mid-market and regional grocery players.. As recent as a decade ago, investing in A.I. systems was cost-prohibitive for all except for the massive retail companies. Today, almost every retailer of any size can afford to fund A.I. initiatives. The mid-market and regional grocery category is in fact ideal for A.I. The disruptive capabilities driven by A.I. enables these grocery chains to match the same capabilities that the dominant players employ, and, in fact, the impacts are significantly magnified. As one of one of three vendors designated for the 2018 list of “Cool Vendors in AI for Retail” (1) by Gartner, Inc., we can directly speak to the promise and potential of A.I. to enable the early-adopters in this segment to compete – and even thrive – while the industry continues to reshape itself. In our previous blog post  “A.I. and Change Management – How to help a company embrace A.I.”, we discussed some of the issues involved in gaining buy-in from key personnel when making an investment in A.I. For this post, we’ll examine the change management issues involved with A.I. and different organizational roles in mid-market and regional grocery chains. The Role of the Merchandiser Obviously, decision-making processes and cycles differ from chain to chain, however, the typical job description for...
A.I. and Change Management – How to help a company embrace A.I.

A.I. and Change Management – How to help a company embrace A.I.

According to The Association of Change Management Professionals (ACMP), change management is defined as(1) the “practice of applying a structured approach to transition an organization from a current state to a future state to achieve expected benefits.” From our perspective, this means our clients (retailers, mainly in the grocery category) will take certain necessary measures to ensure their investments in A.I. are integrated and adopted in the best manner possible. A.I. is so impactful and important that once an organization embraces it, nothing less than wholesale changes are imminent with regards to how employees view the industry, the company, and long-term career paths as well their day-to-day job roles. In many cases the actual act of creating artificial intelligence programs to solve retailer’s problems isn’t actually that difficult. The major challenges derive from the fact that retailers, for decades, have had a certain view of their world. Along comes A.I. with a different and more holistic view that seriously challenges “known conventions.” The goal is to get the key people on board with adopting A.I. and keep them tee’d up and eager to embrace A.I. for the tangible benefits to organizations and their careers.. Be prepared for change — at all levels First and foremost is preparation. Since many (if not the majority) of tech investments are actually quite heavily based on the decision-makers’ previous experiences and personal memories, and A.I. is an entirely new category of solution for many, the senior executive leadership and directors must not only make sure they have an understanding of how A.I. solutions helps users – at all levels of the company –...
How to spot if the A.I. is real

How to spot if the A.I. is real

The objective of this blog post is to help business and technology leaders gain clarity around the value of A.I. by being able to better discern what is fake A.I. and weed the pretenders out. The fact is, there’s quite a bit of “fake A.I.” presently being offered, and this lack of clarity in the marketplace is one of the main reasons that it’s such a challenge for many to determine whether Artificial Intelligence is worth the investment. When we use the term fake A.I., what we’re describing is the way legacy data analytics technologies are repackaged and marketed by (too) many vendors as A.I. The potential for significant business value around Artificial Intelligence (A.I.) is in and of itself nothing new. It’s been over a quarter-century since we (Daisy’s CEO) attended Geoffrey Hinton‘s lectures at the University of Toronto on A.I. neural networks. Does it Provide ROI Today? What’s relatively new is the number of organizations that are investing in A.I. solutions — and realizing tangible and quantifiable benefits. For many corporations, however, A.I.’s perceived value is still viewed as nebulous. While we obviously can’t speak to every single product or service out there that markets itself with the term “artificial intelligence,” what we can do is emphatically state that based on our first-hand experiences in the retail and insurance industries, true A.I. is accessible and delivering results now, with verifiable ROI. By way of one example, Daisy Intelligence deployed A.I. to enable the North Carolina-based organic grocery chain Earth Fare to analyze the “ripple effects” of promotions during the weeks prior to and after the promotion in...